The Invisible Revolution

Device Repair Warranty: Commit Device Protection Holdings

Whether it’s repairing the screen of your mobile phone, replacing hunks of metal, or re-aligning its wires, millions of requests under repair warranty are made every day. But few people think about how the repair logistic agreements actually works. Because these contracts typically aren’t much to look at, people usually don’t learn about the incredible arrangements which make so much of modern day mobile devices repair possible.

To begin to change that, we signed up with CDP Holdings with a Sharia Advisory partnership to understand a bit of the magic from the inside of their warranty plans to the outside. So today, after having reviewed there protection program and processes, we’re certifying their plan, a different kind of Sharia compliant warranty with a new way of protection. Instead of insurance like connections, CDP will give you service based protection that’s fast, safe, and reliable.

We’re really excited to see how this plan can help reinvent repair warranties for smartphone brands and take the frustration out of repair and warranty together.

Here’s to CDP for bringing speed, security and Sharia compliance in the warranty you want, without the frustrations you don’t.

CDP Holdings Ltd, a Mobile Warranties & Integrated After Sales services Group today announced the assignment of Shariyah Review Bureau (SRB) as its Sharia Advisor.

CDP is one of the first fully integrated provider of mobile device protection and after sales services in the GCC. It helps large Telco’s, Retailers & OEMs differentiate their device offering and brand through superior service quality, and boost overall customer satisfaction. Under the new contract, SRB will provide CDP with Sharia certification and Sharia Audit for its Total Device Protection plan. The operations and management for TDP line will be managed in a Sharia compliant manner across Saudi Arabia and its key locations in the Kingdom.

The agreement with SRB will help CDP improve protection and service stability in light of Sharia, reduce cost associated with Sharia supervision and implement a Sharia framework with high levels of Sharia Advisory quality.

Khalid Saiduddin, Founding Partner & CEO , said: “We have been running a comprehensive market assessment over the last 2 years understanding the specific requirements of our customers and based on our findings we are constructively transforming policies that best meets our customers device coverage needs beginning with the TDP program.” Commenting on the assignment of SRB, he stated “We are happy to have assigned them as our Sharia Advisor on this journey. Their capabilities demonstrates significant transformations for our line of business in the Kingdom and with their support we aim to deliver top coverage to our users in a Sharia compliant manner.”

Sharia Advisory services is a field that is experiencing drastic changes in the past few years and one of the major changes has been to service the functions with institutions like Shariyah Review Bureau. Yasser S. Dahlawi, Founder and CEO of SRB said, “Our approach to Sharia compliance helps entities in scalability” he added “the Sharia review and control processes leads to greater development with uniformity as the enterprise grows and further expands.” Speaking on the new assignment Yasser states “We are looking forward to working with CDP and helping it transform and sustain the TDP program in a Sharia compliant way.”

Turkey based Investrade Portföy Yönetimi AŞ (“IPY”) todayannounced that it has appointed Shariyah Review Bureau (“SRB”) to help ensure Sharia compliance for its Investments Funds, portfolio management and distribution services business.

IPY seeks to provide end-to-end real estate fund, pension and private mutual funds, discretionary portfolio management services including sourcing, structuring and arranging finance for assets. It will also focus on creating efficient ways to achieve goal as per the targeted acquisition assumptions. “We are proud of our team’s experience in delivering superior investment opportunities, yet we are still committed to improving every phase of our portfolio management process with our investors,” said Dr. Hakan Berooğlu, Board Member & CEO of IPY.” He added, “Sharia compliance experience is important to our investors. That’s why we selected Shariyah Review Bureau; they have the capabilities to manage our Sharia compliance touchpoints so we can deliver great experiences in our services by helping us build authentic Sharia compliant transactions for our sophisticated customers.”

Under the Sharia Advisory agreement, SRB will provide IPY with Fund structuring support, documentation certification, Sharia audit maintenance, consulting and Sharia advice on portfolio management services for its Turkey office. The agreement, is intended to help IPY reduce the Sharia compliance costs of its transaction, with the savings used to help the company enhance its sourcing resources and distribution capabilities and deliver tangible business value. “As a luxury-based Investment company, our goal is to contribute to more vigorous opportunities through improved positions,” said Dr. Halil Arslan, Senior Portfolio Manager at IPY. “Through our initiative with Sharia compliant acquisitions, we will streamline screening, leveraging and investment operations with SRB’s Sharia certification services, enabling us to respond quickly to the evolving real-estate and equity based opportunities in Turkey.”

Yasser S. Dahlawi, Founder and CEO of SRB, said, “We are excited to help Investrade Portföy Yönetimi implement its Sharia compliant strategy. Leveraging our expertise in the investment industry, our knowledge and experience gained by serving scores of companies around the world, and our Sharia advisory processes, we will help support their growth in innovative projects in Turkey.

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